Registered number: 07966746 | ||||||||
FOR THE 364 DAY PERIOD ENDED 23/04/2023 | ||||||||
Prepared By: | ||||||||
M E Strom Limited | ||||||||
CPAA | ||||||||
333-335 | ||||||||
High Street | ||||||||
Bangor | ||||||||
Gwynedd | ||||||||
LL57 1YA |
UC Bed Bargains Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE 364 DAY PERIOD ENDED 23/04/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Gwynedd | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 07966746 | ||||||||
ACCOUNTANTS | ||||||||
M E Strom Limited | ||||||||
CPAA | ||||||||
333-335 | ||||||||
High Street | ||||||||
Bangor | ||||||||
Gwynedd | ||||||||
LL57 1YA |
UC Bed Bargains Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE364 DAY PERIODENDED23/04/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
UC Bed Bargains Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
266,892 | 251,054 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 193,268 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 111,198 | 165,960 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 7,182 | 6,085 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
UC Bed Bargains Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE 364 DAY PERIOD ENDED 23/04/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Commercial Vehicles | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 15% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 4 | |||||
UC Bed Bargains Limited | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||
Commercial | Fixtures | |||||
Vehicles | and Fittings | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 25/04/2022 | 107,007 | 10,319 | 117,326 | |||
Disposals | (24,629) | - | (24,629) | |||
At 23/04/2023 | 82,378 | 10,319 | 92,697 | |||
Depreciation | ||||||
At 25/04/2022 | 56,061 | 7,488 | 63,549 | |||
Disposals | (10,775) | - | (10,775) | |||
For the 364 day period | 12,736 | 493 | 13,229 | |||
At 23/04/2023 | 58,022 | 7,981 | 66,003 | |||
Net Book Amounts | ||||||
At 23/04/2023 | 26,694 | |||||
At 24/04/2022 | 53,777 | |||||
4. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | - | 705 | ||||||
- | 705 | |||||||
UC Bed Bargains Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 17,505 | 11,627 | ||||||
VAT | 5,785 | 9,148 | ||||||
PAYE control | 1,424 | 1,074 | ||||||
Directors current account | 10,443 | 412 | ||||||
Bank loans and overdrafts | 17,609 | - | ||||||
Bank Loan | 5,000 | 5,000 | ||||||
Bank loan (secured) | 16,000 | - | ||||||
Hire purchase | 8,183 | 8,183 | ||||||
Trade creditors | 8,116 | 19,842 | ||||||
Accruals | 10,141 | 2,500 | ||||||
100,206 | 57,786 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 35,943 | 38,183 | ||||||
Bank loans (secured) >1yr | 46,828 | 78,448 | ||||||
Hire purchase >1yr | 28,427 | 49,329 | ||||||
111,198 | 165,960 | |||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
75000 | 75000 | |||||||
75,000 | 75,000 | |||||||
New shares issued during period: | ||||||||
74900 | 74900 | 74900 | ||||||
9. CONTROLLING PARTY | ||||||||
The company is controlled by MA Blears, a director, by virtue of his holding 100% of the issued share capital. | ||||||||